Page 460 - Reuters

US Fed should not act urgently to cut interest rates unless required: Daly

The worst thing to do is act urgently when urgency is not required, Daly, one of 19 US central bankers who set monetary policy, said at the Stanford Institute for Economic Policy Research

Believe Iran will handle situation well, spare Mideast with turmoil: China

After briefing Wang on Iran's position, Amir-Abdollahian told Wang that Iran is aware of the regional tensions, is willing to exercise restraint and has no intention of further escalations

US awards Samsung $6.4 bn in grants to boost Texas chip production

Analysts have estimated Samsung is likely to begin making 4-nanometer chips at its pilot production line and eventually expand to 2-nanometer chips

Baltimore bridge collapse: FBI opens criminal probe, fourth body recovered

The investigation into the collapse will focus in part on whether the crew of the Dali left the port knowing the freighter had serious problems with its systems, the Washington Post reported earlier

Jaguar develops mobile energy-storage unit using Range Rover batteries

The MAX BESS can charge up to nine Range Rover PHEVs at a time and can be recharged using a standard EV charger

Tesla lays off more than 10% of global workforce amid dwindling sales

Musk last announced a round of job cuts in 2022, after telling executives he had a "super bad feeling" about the economy

Japanese consortium to invest $370 mn in Natural Gas Transition Platform

The infrastructure investor said the platform will also increase investments to boost the consumption of renewable natural gas or biogas in India and use of green hydrogen using the city gas network

Crude oil sheds more than $1 per barrel after Iran's attack on Israel

Brent futures for June delivery fell 91 cents to $89.54 a barrel, a 1% loss, by 1:17 p.m. EDT (1717 GMT). U.S. crude futures for May delivery fell 87 cents to $84.79 per barrel, a 1% loss

Gold consolidates after hitting record high on West Asia tensions

Iran launched explosive drones and missiles at Israel late on Saturday in retaliation for a suspected Israeli attack on its consulate in Syria on April 1

Govt raises windfall tax on petroleum crude to Rs 9,600 per MT from Apr 16

The tax, which is revised every fortnight, will remain unchanged at zero for diesel and aviation turbine fuel

'US Treasury sees progress on multilateral bank reforms, but more to do'

Other recent steps taken by the African Development Bank and the Inter-American Development Bank (IDB) were encouraging, the Treasury official said

US, China diplomats discuss West Asia, Taiwan, South China Sea, North Korea

The officials, including U.S. National Security Council senior director for China and Taiwan Sarah Beran and U.S. Ambassador to China Nicholas Burns, discussed bilateral

Russia, China trade new copper disguised as scrap to skirt taxes, sanctions

Copper wire rod was shredded in China's remote Xinjiang Uyghur region by an intermediary to make it difficult to distinguish from scrap

Climate spending may make emerging nations with high debt insolvent: Report

A further 19 developing countries lack the liquidity to meet the spending targets without help, though they would not approach default thresholds

Jio Financial, Blackrock form JV to set up wealth management, broking biz

Jio Financial Services, part of billionaire Mukesh Ambani led-Reliance Group, and BlackRock formed a 50:50 joint venture to launch asset management services in India in July 2023

Russia restoring crude oil refining capacity knocked out by drones

Ukraine stepped up drone attacks on Russian energy infrastructure since start of year, hitting some major oil refineries across world's second largest oil exporter in attacks that sent up oil prices

CATL Q1 results: Profit increases 7% to $1.45 bn, Moody's upgrades rating

CATL produced a profit of 10.5 billion yuan ($1.45 billion) for January-March, off the back of a 10.4% drop in revenue to 79.8 billion yuan

India bond yields steady; focus on oil prices amid West Asia tension

The yield on the benchmark Indian 10-year note ended at 7.1779%, after closing at 7.1794% in the previous session

M&T Bank Q1 results: Profit declines by 25% on higher deposit costs

Regional lenders have had to pay higher interest rates on deposits to prevent customers from fleeing to higher-yielding alternatives, such as money market funds

BNP Paribas to buy 9% stake in Belgian insurer Ageas for $780 million

The French lender's $16.3 billion sale last year of its U.S. retail activities has left it with funds for acquisitions